just read it. You can see why 5 insto's have loaded into the stock. NGM has major 'real money' support. The stock has pulled back big time [oversold imo] dyor
ASX code: NGM Highly prospective Niger uranium projects with world class potential Uranium exploration project in North Queensland about to be drilled Nickel and base metal exploration in Madagascar Focused and experienced management team Cash of ~$4.5m at 30 June 2007
Major shareholders Institutional holders: Ridgefield Capital Asset Management 12% 5 Institutions (each under 5%) 18%
Other Major Holders: this is Management Rockface Consulting 7% BH Asset Management 6% Top 20 66% Top 40 76%
Imouraren project neighbours NGM concessions (80,000 tonnes uranium @ 0.1%) under development by Areva
Niger – Uranium Project Three tenements granted in the Tim Mersoï and other tenements applied for Explored by Japanese Nuclear Agency (PNC) in the 1980s, drilling by PNC that encountered U structures and outcropping uranium mineralisation reported from within the concession area NGM to embark on a US$1.5m vigorous exploration program for sandstone-hosted uranium deposits in one of the world’s most prospective uranium provinces NGM tenements on same geology that hosts uranium mines at Arlit and the Imouraren and Madaouela projects
NGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
